This segment focuses on the research, development, manufacturing, and distribution of topical analgesic products under the Tiger Balm and Kwan Loong brands. R&D activities include formulation improvements, new product development (e.g., patches, rubs, sprays), and clinical testing to validate efficacy and safety. Technologies employed involve advanced extraction methods for active ingredients, controlled-release formulations, and innovative packaging. Therapeutic areas include pain relief (muscle aches, joint pain, back pain), respiratory relief (inhalers), and insect repellent. The patient impact is significant, providing accessible and effective over-the-counter solutions for common ailments. Market positioning is strong, with Tiger Balm being a globally recognized brand. Competitive advantages include brand recognition, extensive distribution networks, and a wide product portfolio. Future opportunities lie in expanding product lines, entering new markets, and leveraging digital marketing. Regulatory aspects involve compliance with health authorities in various countries. Partnerships may include collaborations with distributors and retailers.

The Investments segment focuses on generating returns through strategic investments in quoted securities. This involves active portfolio management, including fundamental analysis, market research, and risk assessment to identify and capitalize on investment opportunities. The segment utilizes financial modeling, valuation techniques, and portfolio optimization strategies to maximize returns while managing risk. The primary focus is on generating long-term capital appreciation and income. Patient impact is indirect, as the segment's performance contributes to the overall financial health of the company. Market positioning is influenced by market conditions and investment strategies. Competitive advantages include a diversified investment portfolio and experienced investment professionals. Future opportunities include exploring new investment avenues and expanding the investment portfolio. Regulatory aspects involve compliance with investment regulations and reporting requirements. Partnerships may include collaborations with financial institutions and investment advisors.

This segment encompasses the ownership and leasing of commercial and industrial properties, as well as the operation of leisure facilities. The property portfolio includes commercial and industrial spaces in Singapore and Malaysia, generating rental income and capital appreciation. The leisure division operates oceanariums and other entertainment venues. R&D activities include property development and facility upgrades. Technologies used involve property management systems, construction technologies, and operational management of leisure facilities. The segment contributes to the local economy and provides recreational opportunities. Market positioning is influenced by property market conditions and the attractiveness of leisure offerings. Competitive advantages include prime property locations and unique leisure experiences. Future opportunities include property development, expansion of leisure offerings, and strategic partnerships. Regulatory aspects involve compliance with property and leisure industry regulations. Partnerships may include collaborations with property developers, leisure operators, and tourism agencies.